Foreign and Institutional Dual Buying Drives Domestic Stock Market Uptrend... KOSDAQ Rises Over 3%

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] As buying momentum from foreigners and institutions continues, the domestic stock market is rising on the afternoon of the 5th.

The KOSPI index was recorded at 2,335.50, up 35.16 points (1.53%) compared to the previous trading day as of 2:02 PM. The index is showing an upward trend driven by buying from foreigners and institutions. Foreigners net bought about 103.2 billion KRW, institutions about 203.9 billion KRW, while individuals net sold approximately 316.9 billion KRW.

Among the top market capitalization stocks, most showed gains except Hyundai Motor and Kia, which fell by 0.84% and 0.25%, respectively. Kakao rose the most, up 4.85%. Following were Samsung SDI (4.15%), SK Hynix (3.48%), Naver (2.98%), LG Chem (2.80%), Samsung Biologics (1.14%), LG Energy Solution (1.12%), and Samsung Electronics (0.70%).

By sector, medical precision equipment rose more than 5%, followed by pharmaceuticals (3.13%), textiles and apparel (2.94%), steel and metals (2.60%), and services (2.40%). Food and beverage (-0.77%) and transportation equipment (-0.52%) declined.

At the same time, the KOSDAQ index was recorded at 747.51, up 24.78 points (3.43%) compared to the previous trading day. Similar to KOSPI, it recorded a rise of over 3% driven by buying from foreigners and institutions. Foreigners and institutions bought about 232.5 billion KRW and 64.3 billion KRW respectively, while individuals sold about 269.7 billion KRW.

Among the top market capitalization stocks, the strength of secondary battery-related stocks stood out. EcoPro BM rose 7.60%, and L&F increased 6.23%. Following were Alteogen (6.14%), Cheonbo (4.90%), Kakao Games (4.82%), Celltrion Pharm (4.52%), Celltrion Healthcare (3.18%), Pearl Abyss (2.98%), Studio Dragon (2.54%), and HLB (1.11%).

This content was produced with the assistance of AI translation services.